21 February 2023, EUR/USD
EURUSD trading plan:
US consumer sentiment rebounded in February to the highest level since January 2022, adding to the narrative that if the economy does indeed fall into a recession, it will likely be short and shallow. Highlights from the University of Michigan Sentiment release for February included the following: current conditions improved significantly in February, reaching the highest level since December 2021. This is a positive signal for the dollar. Inflation expectations rose in February, but are still below December’s rate and were most likely driven up by the recent strong jobs report. Long-term inflation expectations are well-anchored at 2.9%, unchanged for the third consecutive month. This is a negative signal for the dollar.
Investment idea: range 1.0630 - 1.0740.
Do you want to earn on your forecast?
Join our community on Instagram or Facebook! Every week we give $50 to the trading account to the authors of the most accurate forecasts. The giveaway has already started! Forecasts are accepted until 11:30 GMT February 21.
id 
ar 
ru 
vn 
es 
pt 
th 
kz 
ua 
tj 
uz 
az 
ms 